AVGC.L vs. AVEG.L
AVGC.L (Avantis Global Equity UCITS ETF USD Accumulating) and AVEG.L (Avantis Emerging Markets Equity UCITS ETF USD Acc) are both exchange-traded funds - AVGC.L is a Global Equities fund tracking the MSCI World IMI Index, while AVEG.L is a Emerging Markets Diversified fund actively managed by Avantis. AVGC.L is passively managed, while AVEG.L is actively managed. Over the past year, AVGC.L returned 31.19% vs 48.71% for AVEG.L. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
AVGC.L vs. AVEG.L - Performance Comparison
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Different Trading Currencies
AVGC.L is traded in USD, while AVEG.L is traded in GBP. To make them comparable, the AVEG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AVGC.L achieves a 13.16% return, which is significantly lower than AVEG.L's 23.58% return.
AVGC.L
- 1D
- -0.32%
- 1M
- 3.65%
- YTD
- 13.16%
- 6M
- 15.19%
- 1Y
- 31.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVEG.L
- 1D
- -0.98%
- 1M
- 8.55%
- YTD
- 23.58%
- 6M
- 26.78%
- 1Y
- 48.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGC.L vs. AVEG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVGC.L Avantis Global Equity UCITS ETF USD Accumulating | 13.16% | 25.16% |
AVEG.L Avantis Emerging Markets Equity UCITS ETF USD Acc | 23.58% | 29.25% |
Correlation
The correlation between AVGC.L and AVEG.L is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.67 |
The correlation between AVGC.L and AVEG.L has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.
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Return for Risk
AVGC.L vs. AVEG.L — Risk / Return Rank
AVGC.L
AVEG.L
AVGC.L vs. AVEG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Global Equity UCITS ETF USD Accumulating (AVGC.L) and Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEG.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AVGC.L | AVEG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.48 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 3.69 | +0.21 |
| Martin ratioReturn relative to average drawdown | 15.98 | 14.26 | +1.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVGC.L | AVEG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 2.71 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.09 | 2.35 | +0.74 |
Drawdowns
AVGC.L vs. AVEG.L - Drawdown Comparison
The maximum AVGC.L drawdown since its inception was -7.96%, smaller than the maximum AVEG.L drawdown of -13.65%. Use the drawdown chart below to compare losses from any high point for AVGC.L and AVEG.L.
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Drawdown Indicators
| AVGC.L | AVEG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.96% | -13.65% | +5.69% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -13.13% | +5.17% |
Current DrawdownCurrent decline from peak | -0.32% | -0.98% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -1.00% | -2.05% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 3.41% | -1.46% |
Volatility
AVGC.L vs. AVEG.L - Volatility Comparison
The current volatility for Avantis Global Equity UCITS ETF USD Accumulating (AVGC.L) is 3.71%, while Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEG.L) has a volatility of 7.33%. This indicates that AVGC.L experiences smaller price fluctuations and is considered to be less risky than AVEG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGC.L | AVEG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 7.33% | -3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 9.23% | 15.05% | -5.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.96% | 17.90% | -5.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.09% | 19.28% | -7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.09% | 19.28% | -7.19% |
AVGC.L vs. AVEG.L - Expense Ratio Comparison
Both AVGC.L and AVEG.L have an expense ratio of 0.35%.
Dividends
AVGC.L vs. AVEG.L - Dividend Comparison
Neither AVGC.L nor AVEG.L has paid dividends to shareholders.
Frequently Asked Questions
AVGC.L and AVEG.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AVGC.L and AVEG.L have the same expense ratio: 0.35% per year.
AVGC.L is categorized as Global Equities, while AVEG.L is Emerging Markets Diversified.
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